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Loan Modification

: Loan Modification & Home Loan News

Study: Nearly One in Five Mortgage Defaults Are ?Strategic?

By Moe Bedard

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A new report estimates that nearly one in five mortgage defaults through the first half of 2009 were ?strategic,? where borrowers who appeared to have the capacity to pay their mortgages stopped doing so. The research follows on an earlier report by Experian and Oliver Wyman that first aimed to quantify the share of mortgage [...]

Full post as published by Loan Modification & Home Loan News on June 28, 2010 (boomark / email).

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